Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.

Turkey's trade liberalization in the 1980s and prospects for its sustainability, Tercan Baysan and Charles Blitzer; fiscal aspects of adjustment in the 1980s, Merih Celasun; an assessment of the pattern of Turkish manufactured export growth in the 1980s and its prospects, Fikret Senses; the record on private investment in Turkey, Patrick Conway; financial system and policies in Turkey in the 1980s, Yilmaz Akyuz; the private sector's response to financial liberalization in Turkey - 1980-2, Izak Atiyas; external balance and growth in Turkey - can they be reconciled?, Ritu Anand, Ajay Chhibber and Sweder van Wijnbergen; some policy dilemmas in Turkish macroeconomic management, Dani Rodrik; inter-class and intra-class relations of distribution under "structural adjustment" - Turkey during the 1980s, Korkut Boratav; the political economy of Turkey's external debt - the bearing of exogenous factors, Tosun Aricanli; Turkish debt and conditionality in historical perspective - a comparison of the 1980s with the 1860s , Emine Kiray; Turkish experience - summary and comparative notes, Lance Taylor